Housatonic Boat Club
- Assets
- $425.5k
- Revenue
- $357.0k
- Investments
- $84.7k
- Employees
- 10
- Location
- Stratford, CT
- Founding
- 03/2008
- Data as of
- 10/2023
- EIN
- 06-0395435
Organization Overview
Housatonic Boat Club is located in Stratford, CT. The organization was established in 2008. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Housatonic Boat Club employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housatonic Boat Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Housatonic Boat Club generated $357.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $330.8k during the year ending 10/2023. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE ORGANIGATION IS TO PROMOTE INTEREST IN SAILING ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR DURING SUMMER MONTHS THE CLUB PROVIDES SAILING LESSONS TO CHILDREN. THE LESSONS ARE AVAILABLE TO THE GENERAL PUBLIC FOR A FEE OF $600 PER CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Kingsbury Vice Commodore | Officer | 0 | $0 |
Scott Morris Rear Commodore | Officer | 0 | $0 |
Claudine Disario Secretary | Officer | 0 | $0 |
Joe Adams Commodore | Officer | 0 | $0 |
Chris Augustine Fleet Captain | Officer | 0 | $0 |
Chris Reichart Sailing Advisor | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $129,462 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,462 |
| Total Program Service Revenue | $214,542 |
| Investment income | $1,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$176 |
| Net Gain/Loss on Asset Sales | -$2,154 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $937 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,548 |
| Advertising and promotion | $0 |
| Office expenses | $11,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,273 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,636 |
| Insurance | $38,882 |
| All other expenses | $24,251 |
| Total functional expenses | $330,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,676 |
| Savings and temporary cash investments | $89,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,098 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $168,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $84,693 |
| Investments—program-related | $0 |
| Intangible assets | $53,869 |
| Other assets | $10,000 |
| Total assets | $425,478 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,961 |
| Total liabilities | $22,961 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $402,517 |
| Total liabilities and net assets/fund balances | $425,478 |